Eldorado Gold (EGO) is moving from heavy investment to profitable production, as its Skouries project in Greece produced first concentrate on September 8 and targets commercial production this quarter. The McIlvenna Bay copper-zinc mine in Saskatchewan and the C$3.8 billion Foran Mining acquisition (closed in April) diversify its output, while fiscal 2025 revenue rose 40% and operating margin reached 41%, though free cash flow was negative at $195 million. Skouries had a $155 million capital overrun, and the article flags risks from high capital needs, project ramp-up timelines and gold and copper price swings. Hidden Gems gives the company a Superscore of 80/100 ('Strong'), and the article also cites 81, which places it in the top ~9%; the stock trades at $31.67, up 26% over one year as of October 23, 2026, with a trailing price-to-sales ratio of 2.94. In mid-October the European Commission granted Skouries strategic-project status.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
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